In this week’s market summaries, SolveQuotes composite data showed that Alliance Health PIK 2ND LIEN TL is June’s top winner for monthly Bank Loans, the Metals & Mining industry had a strong week and EXELA TECHNOLOGIES increased 81.9% from $37.49 to $68.17 last week after the technology firm completed a $100 million equity offering. Read below for more weekly insights within the Bank Loan, Municipal Bond, and Corporate Bond markets.

Monthly Bank Loan Market Summary

Alliance Health PIK 2ND LIEN TL is June’s top winner with a 72.8% change from $51.43 to $88.89 as late this past month it was announced that they would be acquired by Akumin which would create the most comprehensive radiology and oncology solutions provider in the U.S.

LIMETREE BAY TL B is June’s top loser with a -20.5% change from $89.30 to $70.98 as the oil refinery faces severe financial constraints and class action lawsuits following several environmental incidences at the site.

Energy Oil and Gas was one of our best performing industries in June with an increase of 1.5% from $88.32 to $89.64 driven by a 10.8% increase in oil prices from $66.32 to $73.47 and a 22.1% increase in natural gas prices from $2.99 to $3.65.

Advancers slightly exceeded decliners over the course of the month 20:19 after a bullish start in the first two of weeks of June.

View the most recent Monthly Bank Loan Market Summary

Bank Loan Market Summary

EXELA TL B ranked as top winner over past week with a 68.6% increase from $40.40 to $68.14 as software company completed a $100 million at-the-market program with net proceeds to be used to retire debt.

STEINHOFF PIK EUR TL A2 decreased 3.5% from $104.89 to $101.26 over the past week as the company faces continued legal issues after the Western Cape High Court ruled against the company.

Metals & Mining had a strong week, up 1.6%, led by gains in Ameriforge and Doncasters loans as the global economy continues to strengthen.

View the most recent Bank Loan Market Summary

Municipal Bond Market Summary

Georgia State 8/1/37 bonds increased 1.7% from 95.48 to 97.12 as ReGenerate buys a 50-MW biomass energy plant in the state.

MTA NYS TRANSN-SER C ranks on our top Muni Bond ‘Losers’ list after decreasing 2.0% from $129.41 to $126.88 over the past week after releasing news about a new train model and expansion of systems.

PORT OF SEATTLE WA REVENUE lands as the top Most Quoted Municipal Bond, being quote by 28 dealers as cruise port as cruises are scheduled to resume this month.

View the most recent Municipal Bond Market Summary

IG & HY Corporate Bond Summary

BUCKEYE PARTNERS BPL 6.75% bonds increased 3.5% from $107.92 to $111.75 last week following the company’s continued advancements in critical renewable energy generation and storage, and its commitment to integrate ESG values into long-term strategy.

AESGEN decreased 6.7% from $71.96 to $67.16 last week following legislation from the Chilean deputy chamber that aims to phase out coal plants by 2025.

Real Estate was one of the top performing sectors last week with 5yr yields decreasing 27bps to 1.54% as residential housing continues to shine and as commercial and office stock continues to strengthen as most remaining COVID19 restrictions in the U.S. have been lifted and as more offices start to open.

EXELA TECHNOLOGIES increased 81.9% from $37.49 to $68.17 last week after the technology firm completed a $100 million equity offering that will be used to retire debt.

TAHOE Group Global Co. THHTGP 7.875% bonds decreased 12.9% from $35.23 to $30.67 last week following news that the company missed debt repayments as the company continues to struggle with tightening liquidity.

The Aerospace & Defense industry was among the top performing industries last week up 1.8% driven by bonds of Latam Air, Norweigian Air & Spirit Air.

To view the most recent Corporate Bond Market Summaries: Investment Grade or High Yield